Safa Systems & Technologies Limited IPO Message Board (Page 4)

For 1 Lot each or 2 lots?

Obviously 1 lot.
In retail if you apply 2 lots or 1 lot both are same.
I confirmed earlier in promax with lokes.

I have applied 1 appln. for 10 lots & 4 Retail appns. Still can go for one more HNI for upto 16 lots but Afraid of taking that much of risk.

@arca BOA of promax shows better allotment for People who applied 2 lots in retail than 1 lot.11 out of 35 applications got allotted in 2 lot category while 116 out of 743 got allotted in single lot category.Nearly twice better chance in 2 lot category.

Should i Go for 1 more appl. of 15 lots in hni or not.

@Arca, Avenue, Noorul, Lokes and others,
applied 16 Lots in One HNI🤞

Thanks

@tsg thanks, i didn't check boa.
@Mehul stk based on boa of promax both 1 lot or 2 lot are not considered as 1 only. If you have more funds & less application go with 2 lots.
Given below some example

Calculation (promax) (considering shortage of funds)
Applied 1 lot from 2 accounts
Chances of getting was 15.61% per lot (31.22% equivalent to 2lots one application)
Applied 2 lots from 1 account
Chances of getting 31.42%

Both are almost same (difference is because of rounding off)
If you have more funds go with 2lots in each account
Sorry for the wrong comment earlier.

At last applied 1 more of 15 lots.

@arca u r correct,
1. if we have more no. Of accounts and less amount then single lot each ,
2.if we have more no. Of accounts and more amount 2 lots each
3.if we have less no. Of accounts( 1or2) and more amount then HNI with max possible lots

Applied 24 lots in HNI and 4 Retail lots :)

I have applied 10 lots in 1 HNI application , no more funds left.
@arca @tsg: yes by looking at promax BOA , it looks like in sme ipos, they gave double chance for 2 lots retail application, not like mainboard ipos, where all lot size is considered single application. In sme, very rarely such thing happens when there are 2 lots in retail. Allotment was 1 lot only to them also who applied 2 lots in retail but only thing is lottery chance was counted as double for 2 lots calculation. Not sure if such thing happens in all sme ipos or only sometime specific. Btw this time also its same registrar and LM, like in promax.

@LOKES Sir, In my view in all sme ipos where there are 2 lots applied in retail are considered separately only that is weightage is given to the 2 lots applicant as told.

Applied 58 lots. In today's budget few rate cuts have been announced on mobile parts and accessories.. so it may give some boost to this company.

I applied 2lots of 2 retail application. allotment seams very tough from sub data

@Noorul... Congrats for 1 lot. You were among the first few to predict grand subscription for this IPO. Also congrats for pocketing 1 lac in Precision.

@ avenue. Thanks buddy.
I had strong gut feeling that this could surprise us on subscription wise .. dats why I saved one of my application yesterday.
Also had 2 lot of P metalic.. lets see how its perform after circuit break at some point of time.

I feel precision circuit can break around 64-65. i am holding my allotted single lot.
@noorul: what about your vivo and timescan? sold or still holding them....from 2-3 days they are going down....

@lokes. Sold vivo at 306. And still holding timescan.. Precision proved to a Golddust.. very low hni subscription and high return.
My Gamble paid me a gud price.. although listing was preponed and took place before budget..

Never expected this 2 lot thing to work but thanks guys for analysing this Promax BOA for others.

Hope it works as I applied for 2 retail applications for 2-2 lots each.

@noorul: congrats for vivo to exit at good price above 300.....
And yes no idea why precision was subscribed so less, i was convinced it should do well in listing from start but i didn't took big bet to get more lots, so allotted 1 lot only, else i would also be selling some lots in preopen today as i informed.....you and many others took bigger bet in that and allotted 2-3-4 lots. And congrats for 1 lot in safa also. Here in safa , since subject to rates started 1-2 days back already, so it was known it will definitely subscribe more so i also left some money for this from adani, but due to its small size it has gone too far in subscriptions. For me, i think need to wait for 1-2 years to have more money accumulated to apply with more lots :) :) else i know my luck anyways ;)
@GJ: there will be very very few cases in sme like this when in retail we can apply for 2 lots :)

@lokes @noorul what is your opinion on kotyark industries after continuous lower circuit and jainam Ferro after continuous upper circuit. I m holding 1 lot of each. Are you holding?

@lokes,
Yes, I know.

Let's see what happens with this one though.

Was busy switching jobs, missed a lot of actions in AGS, Precision, Budget, etc...
Joined back with this one

@GJ: yes that part is more important for us professionals. I also need to start job switching and should give less time here ;) :)
@billion dollar: I was having both kotyark and jainam and that time i was initially in sme's so not much knowledge and i sold both of them with 1-2 rs premium profit :) Jainam i was holding for 1-2 weeks but it was not moving so i sold. Much better result is expected in jainam so its moving and kotyark already moved so high so some profit booking. I am not tracking both of these now. Anyway today circuit opened in kotyark so u had chance of selling if you wished. Jainam you can hold upto 190-200 levels.

They credit shares a day after listing date
I faced this in timescan
Also you have to call and sell the same after submitting poa form

Direct dealing in SME is restricted in Angel. You have to sell the alloted shares by calling the CSD department.

It is a risky SME bet and will be cautious to apply after seeing tomorrow's market reaction, budget sector specific news and subscription figures at 2:40 pm.

At present the good thing about this IPO is ease of calculations -
face value / share price 10, market lot 10000, minimum application 100000

I think it has been kept this way to attract retailer to apply for 2 lots.

haha avenue true only good thing is numbers all 10, 10000, 100000....other than that company is small IT dstributor company ..nothing attractive..

but seems subs can go more than 10x-15x easily tomw for both hni, retail...

@snipperRaj,
I may apply tomorrow, just to get one lot after seeing HNI subscription. this is not a blockbuster issue (good thing is only 4 crores issue), may be like +-10%, depends on sub figures.

Thanks

@snipperraj. Tomorrow i will decide what to do in this script.. put some fund aside after adani wilmar for this ipo..
Tomorrow will keep one eye on budget response and other eye on this ipo subscription figure and both ears open.

thanks. avenue, mravi sir, noorul. Seems it will cross 15x easily in both HNI and retail.

Will cross 30x in both easily.

@Noorul and others..
Please share what 1 - 2 points you think good about Safa IPO...

2 points
First is very high revenue.
Issue size too small.

Applied for 47 lots. I hope subscription is good and I get only 1 lot.

1.comes at par ,whereas its peer Bhatia is trading at p/b 7 &p/e of 60+
2. over subscription ,gmp (sbt) , issue size small
3. Listing the company will create brand value and will increase business & credit facility @lower rates or from suppliers @no cost.

Applied for 8 lots, all I could gather...
And like Norrul said once, Now no money even to order Pizza :)

good subscription. applying for 30 lot single application.

@MRavi @ Avenue - Dear experts,
HDFCSec HNI cut-off time was 3.00 PM.
At that time HNI subscription was 18x times. Hence I applied for 20 Lots.
but now surprisingly subscriptions reached 43+ times.
how to avoid this kind of issues? Is there any chance of getting one allotment?

Kotak cut off is 2PM. When I applied at 1:40pm, subscription was 8x. I was worried that I may get more than 1 lot, now I think even 1 lot is difficult.

@Shanm, I am not an expert but it all depends on number of applications with 20 lots. With 64x subscription, your probability of getting allotment could be around 30%.
To avoid this kind of issues, you can have account in banks with 4pm cut-off time. Check complete list of cut-off time here:
https://www.chittorgarh.com/article/last-day-ipo-bidding-time-limit-banks/357/